Category: Environmental

The New Zealand Super Fund’s carbon exclusion policy under its Climate Change Investment Strategy has outperformed the unadjusted index by about 60 basis points per annum since it was announced in 2016, according to an end of year message from NZ Super CEO Matt Whineray. “So not only has this approach reduced what we considered to be an insufficiently rewarded risk, it has also added return,” Whineray wrote. More broadly, due to the Strategy meeting its 2020 targets of reducing the fund’s emissions intensity by 20% and its ownership of fossil fuel reserves by 40%, it now aims, by 2025, to reduce the emissions intensity of its portfolio by 40% and fossil fuel reserves by 80%. 

The Rockefeller Foundation and U.S. International Development Finance Corporation (DFC) have signed a Memorandum of Understanding (MOU) with the aim to end energy poverty by promoting investment in Distributed Renewable Energy around the world. The DFC will invest …